Mathematics, 01.07.2020 15:01 Supermate11
The dollar price for a barrel of oil sold at a certain oil refinery tends to follow the demand equation below, where x is the number of barrels of oil on hand (in millions). a) How much should be charged for a barrel of oil if there are 6 million barrels on hand? $ b) What quantity x will maximize revenue? c) What price should be charged in order to maximize revenue? p= -1/4(x)+165
Answers: 2
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